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    Peter Brandt Predicts Bitcoin Could Dip Again Before Reaching New All-Time Highs

    Ethan CarterBy No Comments3 Mins Read
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    According to veteran trader Peter Brandt, Bitcoin might reclaim its previous all-time high of $125,100 within the week, but not without experiencing one more significant correction.

    “We could see a major shakeout, which would be validated by an ATH soon, possibly within the next week,” he remarked, while also acknowledging the potential for a more pessimistic outcome.

    “Alternatively, a breach of the parabola has historically led to a 75% decline in price. I believe the days of an 80% drop are behind us, but a drop to $50-60,000 to test the lower end of the range could happen.”

    Analyst emphasizes the importance of “long-term risk”

    The cryptocurrency market took a nosedive on Friday following US President Donald Trump’s announcement of a 100% tariff on Chinese products, leading to over $19 billion in liquidations across the market.

    After plummeting from roughly $121,000 to around $102,000 on Friday, Bitcoin (BTC) has bounced back to about $112,400 at the time of writing, according to CoinMarketCap.

    “If anything, this weekend served as a reminder to exercise caution with leverage; even ratios above 1.5x are risky,” stated Charles Edwards, founder of Capriole Investments, to Cointelegraph.

    “It’s crucial to always consider multi-year, long-term risk,” he added. Edwards characterized the weekend’s volatility as temporary, with his outlook for the coming weeks being simply “up.”

    Cryptocurrencies
    Bitcoin has declined by 7.51% over the last week. Source: CoinMarketCap

    Other analysts remain optimistic, pointing to broader macroeconomic signals suggesting that new capital may enter the cryptocurrency market in the upcoming weeks.

    “Buy everything,” urges BitMEX co-founder Arthur Hayes

    On Tuesday, BitMEX co-founder Arthur Hayes noted in a post on X that there may be a buying opportunity in the crypto market after US Federal Reserve Chair Jerome Powell indicated that quantitative tightening “is over.”

    “Load up the… truck and buy everything,” Hayes advised.

    Quantitative easing is beneficial for crypto as it encourages banks to lend more, making borrowing cheaper for consumers and businesses via reduced interest rates.

    Related: Bitcoin price reclaims key level as traders assert $150K BTC is still possible

    Swyftx lead analyst Pav Hundal informed Cointelegraph on Tuesday that “fundamental economic data is the key narrative for Bitcoin right now.”

    “Currently, inflation faces a dual blow from falling oil prices and waning demand, while the US labor market is revealing signs of distress,” Hundal explained, as US inflation reached 2.90% in August, the highest since January.